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Leidos Holdings , Inc. Reports Second Quarter Fiscal Year 2021 Results Revenues of $ 3.4 billion , up 18 % year - over - year Diluted Earnings per Share of $ 1.18 , or $ 1.52 on a non - GAAP basis Net Bookings of $ 3.8 billion ( book - to - bill ratio of 1.1 ) build a strong foundation for growth Backlog grows for fourteenth consecutive quarter to $ 33.5 billion , up 9 % year - over - year RESTON , Va . , August 3 , 2021 - Leidos Holdings , Inc. ( NYSE : LDOS ) , a FORTUNE 500Ⓡ science and technology leader , today reported financial results for the second quarter of fiscal year 2021 . Roger Krone , Leidos Chairman and Chief Executive Officer , commented , " Our results in the second quarter reflect our leadership position in the government technology market . I am tremendously proud of the way Leidos has responded throughout the pandemic , as our employees and business partners continually delivered for our customers and shareholders . While we remain vigilant with the recent uptick in COVID - 19 cases , Leidos is stronger than ever , with new quarterly record levels of revenue and backlog consistent with our industry - leading organic growth . " Summary Operating Results ( in millions , except margin and per share amounts ) Revenues Operating income Operating margin Net income attributable to Leidos shareholders Diluted earnings per share ( EPS ) Non - GAAP Measures * : Adjusted EBITDA Adjusted EBITDA margin Non - GAAP diluted EPS Three Months Ended July 2 , 2021 3,448 $ 269 7.8 % 169 1.18 G GA 1 $ $ A LA $ 359 $ 10.4 % 1.52 $ July 3 , 2020 2,914 249 8.5 % 153 1.06 343 11.8 % 1.55 * Non - GAAP financial measures should be considered in addition to , but not as a substitute for , the information provided in accordance with GAAP . See Non - GAAP Financial Measures at the end of this press release for more information . Revenues for the quarter were $ 3.45 billion , up 18 % compared to the prior year quarter . Excluding acquired revenues of $ 58 million , revenues increased 16 % organically . Revenues grew across all reportable segments ; the largest contributors were the increase in veterans ' disability examinations after the pause from the COVID - 19 pandemic and the start - up of the Navy Next Generation IT contract . Operating income for the quarter was $ 269 million , up 8.0 % from the prior year quarter . Operating income margin decreased from 8.5 % to 7.8 % year - over - year as a result of the $ 81 million net gain recognized upon the receipt of proceeds related to the VirnetX , Inc. ( " VirnetX " ) legal matter in the second quarter of fiscal year 2020. Net income attributable to Leidos shareholders was $ 169 million , or $ 1.18 per diluted share . Net income attributable to Leidos shareholders was up 10 % and diluted EPS was up 11 % from the second quarter of fiscal year 2020. The weighted average diluted share count for the quarter was 143 million compared to 144 million in the prior year quarter .